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Worth reading. Great informative article. https://www.spglobal.com/en/research-insights/articles/lithium-supply-is-set-to-triple-by-2025-will-it-be-enough
Long term investment but certainly not short term. All depends on when and if everyone transitions to EV vehicles and at the moment the price tags on cars for most general users are too high.
https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/910105
Mr J
Yes. We will see ??. Always better to go up than down.
Nothing exciting unfortunately. Just took a look. Will probably take a slight hit/drop a few pence this week but I wouldn’t panic.
HONG KONG—Moody’s downgraded Hong Kong’s credit rating on Monday, slashing its assessment on the Asian financial center and blaming the government’s failure to deal with seven months of social unrest that has driven the economy into recession.
The firm cut its main rating on Hong Kong by one notch to Aa3 from Aa2, saying the downgrade reflects concerns over the city’s institutions, governance strength and “more significant constraints” on the territory’s autonomy from mainland China.
https://www.google.com/amp/s/www.wsj.com/amp/articles/moodys-downgrades-protest-torn-hong-kong-citing-weak-government-11579534372
Hong Kong and China shares fall as fears rise over Sars-like virus
Consumer stocks down as Beijing confirms first case of human-to-human transmission.
https://www.google.com/amp/s/amp.ft.com/content/ef3ae124-3bfd-11ea-b232-000f4477fbca
Think I’ll stick with Hargreaves and Lansdown. Seen major issues with Freetrade and people unable to get there money back or even make a trade when they need to. It doesn’t have the options that other brokers have and lots of users often experience errors and problems. Not great in a fluid market where shares are changing constantly to suddenly find you can’t buy or sell but I guess there will be those lucky ones out there that the app works for them without a hitch.
Chinese Capital interested in Sonoran lithium deposit
Jorge Vidal Ahumada, Secretary of Economy commented that this interest derives from the announcement that the world's largest lithium deposit is in Sonora
Roberto Bahena
A battery factory financed with Chinese capital could be established in Sonora, interested in the so-called largest lithium deposit in the world, which already have shares in a company that has a presence in the town.
Jorge Vidal Ahumada, Secretary of Economy, said that on his trip through Asia he met with investors of the Yanfeng company, who announced that they already own more than 20% of Bacanora Minerals, which is of Mexican and Canadian capital, which excites the Chinese.
He stressed that Yanfeng's particularity is that they are part of the entire lithium value chain, from its extraction to the production of products, which makes them the largest mineral company in China, where they manufacture all types of batteries.
"They have more than 7 thousand employees and are very interested in coming in January, they come on a commercial mission to Sonora, because they are interested in being here seeing the possibility of installing to set up a battery factory," he said.
He considered that this interest derives from the announcement that the largest lithium deposit in the world is in Sonora, which envisions a different and interesting panorama for the entity's mining.
He indicated that there is still no estimate of jobs that this could generate, since they are barely in the facilities stage due to the type of Sonoran deposit, as this is exposed and not excavated.
“The production of lithium in the case of Sonora is very special, it is on the surface, so it is a process that seems very innovative, they have already invested between 20 and 25 million dollars, but right now what they are doing is developing the projection plan, ”he said.
Hi everyone. Just bought in today and new to this board but have been watching for along time. Please be kind ?? Bought in at 36.4. Hopefully will be a positive investment.